This is bad! Covid-19 conflicts, foreign funds deplete nearly 2 trillion rupees



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Jakarta, CNBC Indonesia – Foreign share sales on the Indonesian Stock Exchange (IDX) are getting heavier. Within 35 minutes of trading, the foreigners had a net sales value of nearly Rs 2 trillion.

According to IDX data, as of August 14, the foreign net sales value reached Rs 1.75 trillion in all markets. The Composite Stock Price Index (IHSG) fell 3.68% to 5,571.95.

The shares released were foreign, namely PT Telekomunikasi Indonesia Tbk (TLKM) valued at IDR 384 billion. PT Bank Rakyat Indonesia Tbk (BBRI) shares were released by foreigners for Rs 194.6 billion.

Then PT Bank Sentral Asia Tbk (BBCA) shares worth IDR 201.4 billion and PT Indofood CBP Sukses Makmur Tbk (ICBP).

Negative sentiment has surrounded equity trading today, one of which is the record number of positive Covid-19 cases that have disappointed President Joko Widodo (Jokowi) with handling this pandemic.

This was stated by Jokowi when chairing a limited meeting on the subject of the discussion of the Report of the Committee on the Management of Covid-19 and the National Economic Recovery, in the Merdeka Palace, the Presidential Palace complex, Jakarta.

“Everything is getting worse,” Jokowi said on Monday (11/30/2020).

Read: Jokowi Disappointed Covid Explodes, Foreigners Panic, Causes JCI to Collapse
According to the data received by the Head of State as of November 29, 2020, the average active case increased to 13.41%. Although it is still better than the global figure, it is higher than the average number of active cases last week, which was 12.78%.

“The cure rate is the same. Last week it was 84.03%, now it is 83.44%,” he said.

For information, the Covid-19 case repeatedly set records during November 2020. This should be a red flag for all stakeholders, both from the government and the community, to implement more and more health protocols.

Indonesia has recorded a record 4-fold increase in daily cases. The highest occurred on Sunday (11/29/2020) with 6,267 Covid-19 patients per day.

In addition, there is also a record case of death with 169 patients who died in one day on November 27, 2020. Yesterday, the cases of death also coincided with the record.

Meanwhile, the exchange rate of the rupee against the US dollar weakened in spot market trading today, after strengthening 0.57% over the past week.

On Monday (11/30/2020), 1 US dollar was priced at Rs 14,080 / US dollar on the spot market. The rupee weakened 0.07% compared to the last close of business last week. Previously, at the opening of operations, the rupee strengthened 0.07% to Rp 14,060 / US $.

[Gambas:Video CNBC]

(hps / hps)


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